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Technip to Acquire Energy and Chemical Unit from Shaw Group for $287m to Complement its Downstream Technology Business - Deal Analsis from GlobalData
GlobalData, May 2012, Pages: 6
Technip to Acquire Energy and Chemical Unit from Shaw Group for $287m to Complement its Downstream Technology Business - Deal Analsis from GlobalData
Summary
Technip (Technip), an energy services company, has agreed to acquire Energy and Chemicals (E&C) business from the Shaw Group Inc. (Shaw), a provider of integrated services to the power, oil and gas, chemical, and offshore industries, for a purchase consideration of approximately €225m ($287.18m) in cash. Technip will fund the transaction cost from its existing cash resources.
Under the terms of agreement, Shaw Group will retain E&C Group personnel in its Baton Rouge office, which will be integrated into its plant services division, as well as Shaw Consulting International Inc., which will be incorporated into Shaw’s Environmental & Infrastructure Group.
Barclays PLC is acting as financial advisor, while Davis Polk & Wardwell LLP is acting as legal advisor to Technip. UBS Investment Bank is acting as financial advisor, while Vinson & Elkins LLP is acting as legal advisor to the Shaw group in the transaction.
The transaction is subject to customary price adjustment and closing conditions, including regulatory approvals, and is expected to be completed during the second half of 2012.
Scope
- Rationale behind Technip acquiring Energy and Chemical Unit of Shaw
- Stratigic benefits for the companies involved in the transaction
- Geography covered - France
Reasons to buy
- Develop a sound understanding of the major M&A's, Partnerships, and Joint Ventures taking place in oil and gas services industry,
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the oil & gas market around the World,
- Get a detailed analysis of a deal to enable you to take better decisions.
Keywords
Energy and Chemical Unit, Downstream Technology, Energy and Chemicals (E&C) business, Stone and Webster technologies
1
1
1.1 List of Tables
1.2 List of Figures
2 Technip to Acquire Energy and Chemical Unit from Shaw Group for $287m
2.1 Deal Overview
2.2 Deal in Brief
2.3 Acquisition of Shaw’s E&C Business will Enable Technip to Complement its Downstream Technology Business
2.4 Shaw Plans to Divest its E&C Business to Increase Focus on its Core Businesses
2.5 Deal Financials and Valuations
3 Appendix
3.1 Methodology
3.2 Contact Us
3.3 Disclaimer
1.1 List of Tables
Table 1: Technip, Major Acquisitions, since November 2009
Table 2: Companies Involved
Table 3: Financials of the Deal
Table 4: Advisor Information
Table 5: Target Information
Table 6: Acquirer Information
Table 7: Vendor Information
1.2 List of Figures
Figure 1: Technip, Technological Gains from Stone and Webster Technologies
Figure 2: Shaw, Break-down of EBITDA by Business Segments, $m, 2009-2011
Figure 3: Shaw, Backlog in the Major Business Segments, $bn, August 2010 - August 2011
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